In 2019, US-China trade war would do serious damage to the global economy as protectionist actions escalate. The market demand of crude oil is not strong enough to cause rise of the oil price. IMF modified global economic growth rate to 3.2%, which was lower than the forecast in the beginning of 2019. Energy Information Administration(EIA) also forecasts the oil price will be USD 65/bbl, which is lower than USD 71/bbl in 2018. To sum up, market demand, product price and the global economic environment are tend to negative, global petrochemical and specialty chemical industry will have struggle development.
The price of global specialty chemicals are affected by lower crude oil price, but strong market demands of emerging countries supports total specialty chemicals industry. The specialty chemicals industry is projected to grow 2.5% to 5.0%.
I、 Industry Scope
II、 Industry Review of 2018
III、 Technological Trends of Emerging Products
IV、 5+2 Industrial Innovation
V、 New Southern Countries
VI、 Outlook for 2019
Table 1. 2018 review of Petrochemical Industry
Table 2. 2018 review of Specialty Chemical Industry
Table 3. Summary of Emerging Products and Technologies
Table 4. 5+2 Industrial Innovation
Table 5. Local industry policies and needs
Table 6. Capacity of Taiwanese companies and competitor analysis
Table 7. Advantages, disadvantages and opportunity analysis of Taiwanese companies
Table 8. Advantages, disadvantages and opportunity analysis of Taiwanese companies
Table 9. 2019 Outlook of Petrochemical Industry
Table 10. 2019 Outlook of Specialty Chemical Industry